Ternion (Ternion) Review

Industry: finance, cryptoexchange

Description

Ternion ecosystem features a licensed digital currency exchange. The company is based in Estonia and offers high-quality financial solutions for the exchange of fiat currency for cryptocurrency and criptocurrencies for other altcoins, as well as innovative online payment processing solutions. Already having a license for cryptocurrency, which will provide institutions with a platform for interaction based on blockchain technology, Ternion plans to introduce a fully working exchange system. Ternion platform consists of three parts: Ternion Exchange, Ternion Payments and Ternion Liquidity Fund. Ternion joins the safety of commom financial platforms in terms of cryptocurrency exchange.

Ternion provides users with a gradual transition from the old age of fiat currencies to a new age of digital currencies. As liquidity rises on a centralized exchange, the Ternion Exchange is going to include a decentralized blockchain based exchange system. Ternion Ecosystem is a real solution for all types of financial institutions. This technology will allow financial institutions to work safely with cryptocurrencies. Ternion Exchange offers a simple, safe and effective offer with full technical support from customers. Payment processing will allow Ternion customers and trading partners to seamlessly implement cryptocurrency payments in their daily lives.

Ternion is a many-sided exchange platform, the main goal of which is to expand and facilitate access to digital currency financial markets. The Ternion will be consisting of three components - Ternion Exchange, Liquidity Fund and Ternion Payments, which will be controlled by Ternion’s sole company. Having obtained a license that will let financial institutions to work effectively with altcoins, Ternion is going to start working with the launch of the Ternion exchange. From the second quarter of 2019, Ternion will provide payment processing solutions to both retailers and individuals.

The three major parts of the Ternion platform fall under the purview of the parent company Ternion OÜ. The system is elaborated in such a way that each part contributes to the continuous improvement of the effectiveness of the whole ecosystem of the project. The Ternion base platform is currently in a beta phase. After the public launch of the platform,rapid international expansion is expected. Ternion digital currency Exchange is planned to be openen for public auction in September. As the team approaches the final stage of the development stage and beyond, they will continue to improve the platform based on user feedback.

Features

The Ternion Exchange is a regulated, licensed and centralized entity which allows crypto to crypto, fiat to crypto and crypto to fiat trading. In the post Token Sale stage the exchange will become hybrid. It will facilitate a decentralized exchange with a centralized one.

The Ternion Payment Processor is a payment gateway that can be implemented at the discretion of a vendor and it issues cards to its users. The users can also use the debit card to pay the vendors. Vendors can choose to receive fiat or cryptocurrency for the goods and services by implementing the Ternion API into their payment method. This is made possible due to the integration of the Exchange into the system.

The Ternion Liquidity Fund supports two business models and is the backbone of the Exchange and the Payments Processor. The Fund stores a quarter of the accumulated funds to have available liquidity for the future expansion of Ternion globally.

Ternion Reviews

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